Go Public

List on Nasdaq, NYSE,
NSE or BSE.

Angels Match prepares founders for public capital markets in the US and India. Assess your IPO readiness, map the listing roadmap, and connect with SEBI-registered and SEC-compliant advisors.

154

IPOs on Nasdaq/NYSE in 2023

$187M

Average IPO raise (US mid-cap)

12–18

Months to complete IPO process

180+

Global investors with exchange access

Regulatory notice: Angels Match provides education and advisor connections only. Actual IPO filing and underwriting must be conducted through SEC-registered broker-dealers (US) or SEBI-registered Category I Merchant Bankers (India). Nothing here constitutes legal, financial, or securities advice.

Listing Routes

Four paths to a US public listing

Each route has different cost, timeline, and dilution implications. Choose based on your company size, investor base, and urgency.

Traditional IPO

The classic path. Underwritten by SEC-registered investment banks. Best for companies with $50M+ market cap targeting Nasdaq or NYSE.

Full book-building with institutional investors
Price discovery via roadshow
Underwriter provides price stabilization

Best for: Companies with $50M–$500M+ target market cap

Direct Listing

No underwriter, no new shares. Existing shareholders sell directly on day one. Used by Spotify, Coinbase, Roblox.

No underwriter fees (save ~7% gross spread)
No lock-up period for existing holders
Market sets the price transparently

Best for: Profitable companies with strong brand recognition

SPAC Merger

Merge with a Special Purpose Acquisition Company (blank check company) already listed on an exchange.

Faster path to listing (3–5 months)
Certainty of valuation pre-close
Access to SPAC sponsor network

Best for: Companies needing speed or certainty of valuation

Regulation A+

SEC-regulated mini-IPO raising up to $75M from the public, including retail investors. Lower cost than a full S-1.

Raise up to $75M from retail investors
Lighter SEC review process
Suitable for earlier-stage companies

Best for: Companies targeting $5M–$75M raises from broad public

Key Requirements

What the SEC and exchanges require

A summary of the core regulatory and exchange listing requirements for a Nasdaq or NYSE IPO.

US Markets — SEC / Nasdaq / NYSE
Filing bodySEC (Securities and Exchange Commission)
ExchangeNasdaq / NYSE
ProspectusForm S-1 (Registration Statement)
Auditing standardUS GAAP or IFRS; PCAOB-registered auditor
Audit years required3 fiscal years
Min. market cap (Nasdaq)$50M (Capital Market); $200M (Global Select)
GovernanceMajority independent board; Audit/Comp/Nom committees (SOX)
UnderwriterSEC-registered broker-dealer required
Lock-up (insiders)180 days post-IPO (standard)
Ongoing reporting10-K (annual), 10-Q (quarterly), 8-K (material events)

Process Timeline

From private company to Nasdaq/NYSE listing

A simplified view of the end-to-end process. Use the interactive Listing Roadmap in your dashboard for the full step-by-step tracker.

1

Pre-IPO Prep

6–12 months
3-year PCAOB audit
Board & governance restructuring
SOX 404 readiness
Legal entity clean-up
2

Adviser Selection

1–2 months
Underwriter bake-off
Appoint securities counsel
Select IR firm
Choose transfer agent
3

S-1 Filing

2–4 months
Draft S-1 registration statement
File confidentially with SEC
Respond to SEC comments
Publish amended S-1/A
4

Roadshow

2–3 weeks
80–120 investor meetings
Real-time order book tracking
Price range adjustment
Finalize allocation
5

Listing Day

1 day
Board sets final price
Nasdaq/NYSE opening bell
Stabilization period begins
Ongoing 10-Q/10-K/8-K filing

Platform Tools

Everything you need to prepare for listing

Available in your founder dashboard after signing up.

IPO Readiness Score

Answer 6 categories of questions — revenue, governance, audits, share structure, investor base, and valuation — and receive a scored gap analysis against SEC or SEBI requirements.

Run your assessment

Interactive Listing Roadmap

A step-by-step tracker for the full US or India IPO process. Mark milestones complete, select your listing route (IPO vs Direct vs SPAC), and track your team's progress.

View your roadmap

Licensed Advisor Network

Connect with SEC-registered investment banks, SEBI merchant bankers, PCAOB auditors, ICAI auditors, securities lawyers, RTAs, and IR firms — all filtered by track and tier.

Browse advisors

Ready to start your path
to public markets?

Create a free account to access the IPO Readiness Assessment, Listing Roadmap, and Advisor Network for Nasdaq/NYSE.